Mike Arnold
Long only, small-cap, tech, growth at reasonable price

Dream Picks Up A Couple Of Catalysts

One of my favorite investment ideas for 2014 and beyond continues to be Dream Unlimited [(OTC:DRUNF)(DRM.TO)] because it exhibits many classic inefficiencies (e.g., recent spin off), owns/operates a set of related operating businesses (e.g., land/real estate development and asset management) and is led by a solid management team.

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DRM data by YCharts

After reporting solid year-end 2013 results, the company recently issued two press releases (here and here) that continue to validate the investment thesis.

First, Dream reported that it reached a deal with Return on Innovation Advisors, to acquire the rights to manage $700 million of various real estate asset classes, including real estate lending and infrastructure. In my mind, this...

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